Lam Research Corporation (LRCX) Shares Bought by Coldstream Capital Management Inc

Vincent Carr
June 20, 2017

Lam Research Corporation now has $25.03 billion valuation. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Lam Research Corporation has a 52 week low of $79.15 and a 52 week high of $167.05. It has outperformed by 91.16% the S&P500.The move comes after 6 months positive chart setup for the $24.95B company.

Waddell & Reed Financial Inc increased Cathay Gen Bancorp (CATY) stake by 64.79% reported in 2016Q4 SEC filing. In the past three months the stock value surged 7.55%. The Waddell & Reed Financial Inc holds 358,920 shares with $13.65M value, up from 217,800 last quarter. It is down 107.86% since June 20, 2016 and is uptrending. It has outperformed by 16.78% the S&P500. About 1.94 million shares traded. Reilly Fincl Limited Liability Com, a California-based fund reported 703 shares. Alphabet Inc was reduced too. Its down 0.20, from 1.18 in 2016Q3. Perhaps, that suggests something about why 76.94% of the outstanding share supply is held by institutional investors. American Century Companies Inc. now owns 1,809,176 shares of the semiconductor company's stock worth $232,226,000 after buying an additional 134,555 shares during the period.

01/18/2017 - Lam Research Corporation had its "buy" rating reiterated by analysts at Summit Redstone Partners. Coldstream Capital Mngmt, a Washington-based fund reported 5,732 shares. Gradient Investments Ltd Liability Co reported 0% stake. Tiaa Cref Company Fsb Mo, Missouri-based fund reported 34,692 shares.

Investors sentiment decreased to 1.02 in Q4 2016. Schwab Charles Mgmt accumulated 95,156 shares or 0% of the stock. Peak6 Invs Limited Partnership stated it has 119,335 shares or 0.09% of all its holdings. Liberty Mutual Gru Asset Management invested in 0.04% or 11,511 shares. Envestnet Asset Incorporated reported 56,406 shares. Blackrock Invest Management Ltd Com has 49,239 shares. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.04% with $158.09 Million sitting short, betting on future declines. 50,000 shares were sold by TANG ANTHONY M, worth $1.90M. $1.82 million worth of Cathay General Bancorp (NASDAQ:CATY) was sold by WU PETER on Monday, January 30. The insider RUBENSTEIN ALLAN E sold $346,349. LIU TING Y had sold 13,000 shares worth $507,520. Wall Street is only getting more bullish on the stock, with 17 of analysts who cover LRCX having a buy-equivalent rating. Inovio Pharmaceuticals had 14 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned "Neutral" rating on Monday, September 21 by Susquehanna. The firm has "Sector Weight" rating given on Wednesday, October 12 by Pacific Crest. The rating was initiated by Leerink Swann with " on Wednesday, August 19. The company was upgraded on Thursday, February 2 by PiperJaffray.

Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings results on Tuesday, April 18th. They expect $3.02 EPS, up 67.78 % or $1.22 from last year's $1.8 per share. LRCX's profit would be $496.40 million giving it 12.50 P/E if the $3.02 EPS is correct. American Century Companies Inc. increased its stake in Lam Research Corporation by 8.0% in the first quarter.

Since December 23, 2016, it had 0 insider buys, and 24 sales for $43.57 million activity. On Thursday, March 2 the insider LORD PATRICK J sold $150,935. Shares for $759,976 were sold by O'Dowd Sarah A. Anstice Martin B had sold 16,000 shares worth $1.72 million.

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Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.20, from 1.18 in 2016Q3. The original version of this story can be viewed at Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.45 per share.

Over the past 50 days, Lam Research Corporation stock was -8.66% off of the high and 22.15% removed from the low. The company's stock had a trading volume of 386,416 shares. Lam Research Corporation's payout ratio is 22.96%. Aqr Ltd Com holds 0% in Loral Space & Communications Ltd. (NASDAQ:LORL) or 20,019 shares. Pacad Investment Ltd bought 41,400 shares as the company's stock rose 16.21% with the market. Loomis Sayles And Limited Partnership reported 225 shares.

Lam Research Corporation (NASDAQ:LRCX) traded up 0.38% during midday trading on Tuesday, hitting $151.57. 21,524 were reported by Cibc Mkts Inc. Btc invested in 32,095 shares. Qs Investors Limited Company invested in 15,495 shares. Price T Rowe Md has 690,049 shares. On Thursday, May 18 NEWBERRY STEPHEN G sold $3.01 million worth of Lam Research Corporation (NASDAQ:LRCX) or 20,047 shares. Therefore 87% are positive. Zacks Investment Research upgraded Lam Research Corporation from a "hold" rating to a "buy" rating and set a $142.00 price objective for the company in a report on Wednesday, March 22nd. The firm has "Buy" rating given on Thursday, October 20 by Needham. On Thursday, May 25 the stock rating was maintained by H.C. Wainwright with "Buy". RBC Capital Markets has "Outperform" rating and $120 target. The stock presently has an average rating of "Buy" and a consensus target price of $148.88. The firm earned "Underperform" rating on Monday, October 5 by RBC Capital Markets. Cowen & Co maintained it with "Outperform" rating and $90 target in Thursday, December 10 report. The firm has "Buy" rating given on Thursday, October 20 by B. Riley & Co. Needham maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, October 20.

Greenwood Capital Associates Llc, which manages about $970.61 million and $354.20M US Long portfolio, decreased its stake in Powershares Global (PGX) by 175,169 shares to 70,994 shares, valued at $1.01 million in 2016Q4, according to the filing. It also upped Applied Matls Inc (NASDAQ:AMAT) stake by 9,800 shares and now owns 180,204 shares.

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